1、 Price trend:

According to the data from the business club’s bulk list, the domestic PA6 market was adjusted in a narrow range in the third week of August, while the spot price adjustment of most brands was relatively small. As of August 23, the mainstream offer price of 2.75-2.85 from traders was about 10900.00 yuan / ton, which was 0.62% higher than the average price level on Monday, August 11, and 0.30% lower than the average price level at the beginning of the month.

2、 Analysis of influencing factors:

The price of caprolactam upstream of PA6 increased slightly in the third week of August. The average ex factory price of caprolactam on August 17 was 9416 yuan / ton, and that on August 23 was 9450 yuan / ton, with a price increase of 0.35%. At present, the operating rate of caprolactam enterprises is 79%. As of August 23, the price of caprolactam liquid of Shandong Luxi Chemical Co., Ltd. was quoted as 9000 yuan / ton; that of Nanjing Dongfang caprolactam liquid was 9950 yuan / ton; that of Baling Hengyi caprolactam liquid was 9700 yuan / ton; that of Baling Petrochemical was 9700 yuan / ton. In terms of pure benzene in the upstream, the decline was obvious in the north, and the restart of downstream maintenance equipment was delayed, which caused pressure on the supply and demand side of the north. The listed price of pure benzene in North China of Sinopec was reduced by 100 yuan / ton, while no adjustment was made in other regions. The market is waiting for Sinopec’s price guidance. The cost support of pure benzene p-caprolactam is reduced, and the downstream demand is slightly improved. It is expected that the price of caprolactam will be low in the short term, and the finishing operation will be dominated.

The third week of August PA6 market is still calm. The upstream caprolactam stabilized, the operating rate was high, and the cost support was expected to weaken, which was negative for the PA6 spot market. In terms of consumption of PA6 chips, due to the early stage traders and downstream factories have certain prepayment consumption for the coming “golden nine silver ten”, the current trading volume of PA6 is weakening and the market atmosphere is mainly stalemate. In addition, the downstream nylon operating rate has decreased, generally speaking, the negative is greater than the good, and the price fluctuates slightly. In terms of business operation, they prefer to ship at a stable price, and the actual orders are more profitable. In order to improve the market trading, it is necessary to further observe the downstream inventory consumption.

3、 Future forecast:

Business agency analysts believe: in the third week of August, domestic PA6 market narrowly recovered, and spot prices of various brands were adjusted. The upstream caprolactam has a strong price, but it has a general support for the cost end of PA6. Downstream factory inventory is more sufficient, inquiry intention is not strong, weak demand, PA6 trading volume into a deadlock. Business mentality is not strong, near the end of the month, the actual single has a profit to go single operation. It is expected that the PA6 market will continue to fluctuate in a narrow range in the near future.

Last week, the overall epoxy resin market rose in a wide range. According to the monitoring data of the business agency, the average offer of liquid epoxy resin was 18200 yuan / ton, up 2.86% in the week. As of last Friday, the negotiated price of liquid resin in East China was 18200-18600 yuan / ton, and that of solid epoxy resin was about 14500 yuan / ton. Within the week, resin cost support is still good, factory new single offer performance is firm.

In terms of installation, the solid resin plant in Huizhou Park in Huangshan area has not yet been fully recovered. In addition, the Shexian Industrial Park has stopped steam from 19 to 27, and the solid resin factory will face all the shutdown. The market supply is tight, and the factory mainly delivers the early orders, which leads to the rise of new orders of solid resin factory. On the downstream side, it mainly consumes the inventory of previous orders, and the majority of them are purchased on demand, and the follow-up volume of new orders is limited.

Raw material bisphenol a market went up, the market offer was mostly at 10000 yuan / T, the external sales volume of downstream orders delivered by the start-up factory was limited, and the current supply of goods from shippers was small, and the offer was driven by strong sentiment. The market opened higher this week. The short-term East China market offer is expected to remain at 10000 yuan / ton. The market price of raw material epichlorohydrin is about 9500-9800 yuan / T. in terms of plant, the production of 130000 T / a propylene process plant and 100000 t / a glycerine epichlorohydrin unit in Haixing, Jiangsu Province, was unstable last week. The products were not exported for the time being, so the market was low, and the factory’s offer was firm.

Zinc price trend

According to the data monitoring of business agency, since August, the price of zinc has been fluctuating and rising. Before August 20, the price of zinc did not fall continuously in August. But 21 and 24 consecutive trading days of zinc prices fell, what does the zinc market foretell, whether the future market of zinc market can continue to rise?

From January to June 2020, the global zinc market will have an excess supply of 177000 tons

According to the report released by the world Bureau of Metal Statistics (WBMs), from January to June 2020, the global zinc market was oversupplied by 177000 tons, while in the whole year of 2019, there was a shortage of 74000 tons. During the period from January to June, inventory increased by 149000 tons, including a net increase of 70000 tons in Shanghai. From January to June, LME inventory increased to 71000 tons higher than that in December 2019. Affected by the epidemic situation, the global zinc market demand has declined seriously, and the inventory has increased significantly. The zinc market has insufficient upward momentum and great downward pressure.

LME market inventory

As of August 24, the zinc ingot inventory in LME market was 225075 tons, which was significantly higher than 188050 tons at the beginning of the month (August 1). The serious overstocking of zinc ingot in the international market affects the further rise of zinc price in the international market, thus hindering the rise of domestic zinc market, which is unfavorable to the domestic zinc price.

Analysis, review and Prospect

Bai Jiaxin, an analyst at the business agency, said: from the statistical data, we can see that the global zinc market is seriously overstocked, and the supply of zinc ingots in the international market is seriously oversupply, which is bad for the domestic zinc market. With the resumption of production and work in the global economy, the demand for zinc market is getting warmer, and the price of zinc has an upward momentum. However, the backlog of zinc ingot inventory in the first half of the year will be listed on the market, which has a negative impact on the price of zinc, and there is insufficient support for the rise of zinc market. It is expected that the future zinc market will be stable.

1、 Price trend

According to the data from the business club’s bulk list, the price trend of cryolite market this week was stable, with the average price of 5833.33 yuan / ton in Henan during the week, which was flat compared with last weekend and decreased by 7.89% compared with last year. On August 23, cryolite commodity index was 70.85, flat with yesterday, down 30.00% from 101.21 (2011-10-31), and 6.78% higher than 66.35, the lowest point on September 05, 2016. (Note: period refers to 2011-09-01 to now).

2、 Market analysis

This week, the domestic cryolite price trend is stable, and the quotations of various enterprises are stable. As of the 21st, the ex factory quotation of cryolite in Shandong is 5000-6800 yuan / ton, and that in Henan is 5300-6200 yuan / ton. The cryolite enterprises in Henan Province started normal operation, had sufficient inventory, stable quotation, and mostly sold by order. At present, the production of Zhengzhou Tianrui grain Co., Ltd. is 30000 tons / year, and the plant is about 70% of the total capacity. Jiaozuo Minli Industrial Co., Ltd. has a full load, normal start-up and sufficient supply; Zibo Kunyu industry and Trade Co., Ltd. has a normal annual production capacity of 40000 tons of cryolite. The plant is in normal operation with normal inventory, stable sales and no parking plan.

In terms of upstream fluorite, the average domestic market price was 2661.11 yuan / ton at the weekend, down 1.03% from 2688.89 yuan / ton at the end of last week. At present, the domestic fluorite manufacturers are operating normally, the on-site supply is sufficient, the downstream hydrofluoric acid and refrigerant market is weak, and the domestic fluorite market is expected to continue to decline. In terms of downstream electrolytic aluminum, the price trend continued to rise this week, with an offer of 14843.33 yuan / ton at the weekend, with an increase of 2.82% within the week. The market supply increased and the downstream demand was optimistic. At present, the social inventory of electrolytic aluminum continued to move downward. Under the performance of supply and demand, the market is expected to be stronger in the later period.

3、 Future forecast

Cryolite analysts from the business agency believe that: at present, cryolite manufacturers are operating normally, with sufficient inventory, and most enterprises sell according to orders. There is no obvious fluctuation in demand. It is expected that the cryolite market will decline slightly in the later stage, and pay attention to the market demand.

This week (8.14-20) dimethyl ether market again to meet the upward situation, although the range is not large, but due to the inventory pressure and other favorable conditions, the trend is relatively strong. According to the data monitoring of business agency, the average price of dimethyl ether in Henan market on August 14 was 2246.67 yuan / ton, and that on August 21 was 2290.00 yuan / ton, an increase of 1.93% in the week and a decrease of 3.24% compared with August 1.

Regional specification date mainstream quotation

Mass fraction of dimethyl ether in Shandong area: ≥ 99.0%, 2280 yuan / ton on August 20

Mass fraction of dimethyl ether in Hebei area: ≥ 99.0%, 2250 yuan / ton on August 20

The mass fraction of dimethyl ether in Henan Province: ≥ 99.0% August 20 2220-2320 yuan / ton

On Tuesday, the methyl ether Market was facing the upward situation again. Although there was not much positive this week, due to the majority of manufacturers’ inventory under control, the willingness to support the price was more obvious. During the week, the rise and fall of the civil gas market of liquefied petroleum gas (LPG) were mixed, and most of the civil gas in Shandong Province fell in a weak position, which played a negative role in the market. Under the influence of high temperature weather, the terminal demand needs to be improved, and the downstream needs to be supplemented as needed, so the enthusiasm for entering the market is general. The market was still bearish, with a narrow decline at the beginning of the week. However, due to the impact of floods in Southwest China, some enterprises were forced to stop their cars, and the market supply was reduced, which obviously supported the market. The inventory of manufacturers was pushed up without pressure. Taking Henan xinlianxin as an example, the price of xinlianxin increased by 30 yuan / ton on the 18th and 19th day, and increased by 20 yuan / ton on the 20th day. The ex factory price increased from 2260 yuan / ton to 2310 yuan / ton within three days. Downstream buying up mentality, the enthusiasm to enter the market has been improved, manufacturers to ship smoothly, a strong mentality.

The domestic market of upstream methanol was up and down, but mostly lower. Among them, the price of methanol in Shandong Province decreased steadily, while that in Henan Province decreased in a narrow range. The main offer price of methanol market in southern Shandong Province temporarily stabilized at around RMB 1540-1550 / t spot exchange, Linyi received the local mainstream offer to 1530 yuan / T and delivered it without tax, and the part of logistics goods offered was 1510 yuan / ton. Most of the downstream enterprises wait and see, the market transaction is general. The market of LPG for civil use in Shandong Province was weak. Due to the rising price in the early stage and the increasing resistance in the downstream, the enthusiasm for entering the market was obviously weakened, and more delisting and waiting-and-a-half-a-half-a-half-a-half-a-half-a-half-a-half-a-half-a-half-a-half-a-half-a-half-year-old-year-old. The benefits to dimethyl ether are limited.

Although it is still in the traditional off-season in August, the weather is cooling down obviously, the terminal demand is expected to be improved, and most manufacturers’ inventory is operating at a low level, which supports the market obviously. Although the civil gas market is temporarily weak, it is still likely to rise in the future. It is expected that the DME market will consolidate in a narrow range in the short term, and there is still room for growth in the long run.

1、 Domestic sodium pyrosulfite price trend chart

According to the monitoring of the business agency, the domestic sodium pyrosulfite price continued to rise slightly from the bottom this week. The average price of industrial sodium pyrosulfite at the beginning of the week was 1693.33 yuan / ton, and that at the weekend was 1693.33 yuan / ton, with a rise and fall of 0.

2、 Market analysis

This week, the overall market performance of sodium metabisulfite has recovered. The price range of industrial sodium pyrosulfite is 1300-1500 yuan / ton, and most of the prices are around 1400 yuan / ton. The production of the enterprise is relatively stable, mainly to complete the orders of old customers, and the increase of new orders is limited. The price of sodium metabisulfite market continued to pick up this week, with the average price on August 21 rising by 2.41% compared with the beginning of the month. (the above prices all refer to the external quotation of domestic mainstream enterprises, and some unreported enterprises are not included in the scope temporarily. The prices are for reference only and have nothing to do with the final pricing of manufacturers. Please contact all manufacturers for details.).

Since the beginning of August, the price of soda ash in the upstream has continued to rise by 8.97%, the price of sulfur has increased by 18.32%, the cost of raw materials has continued to rise, and the processing cost has continued to rise, which has led to the rise of the ex factory price of sodium metabisulfite.

3、 Future forecast

Business agency analysts believe that, supported by the cost of raw materials, the market price of sodium pyrosulfite still has some room for recovery in the short term.

According to the price monitoring of the business agency, as of August 21, the spot price of 1.4d polyester staple fiber in China was about 5575 yuan / ton, which was stable compared with last week and increased by 2.29% about 120 yuan / ton compared with the beginning of August; the spot price of 32S polyester yarn in Shandong was about 12750 yuan / ton, which was stable compared with last week and stable compared with the price in early August. The price of polyester staple fiber changed the weak downward trend in July and rose in August and gradually recovered.

In terms of supply, as of August 20, the operating rate of upstream PTA unit was 87.85%, and that of polyester plant was 87.71%. The operating rate of polyester end was relatively stable. Compared with previous years, PTA inventory is still at a high level. Recently, PTA shut-down and maintenance devices have entered the restart stage. With the increase of supply and the gradual release of production capacity, the domestic demand side is still in a rigid demand situation, and the downstream demand side support is insufficient or the supply exceeds demand. At present, the release of new production capacity is not as expected. Under the relatively limited premise, the downstream polyester processing fee has been gradually reduced. In the future, with the gradual increase of production, there will be greater pressure on the downstream polyester yarn price upward space.

In terms of demand, the comprehensive starting rate of downstream looms has risen slightly since the end of July, and the comprehensive starting rate of looms in Jiangsu and Zhejiang regions has risen to 63.30%. According to relevant data, in July 2020, China’s export of textile yarn, fabric and products was US $15.976.9 billion; from January to July 2020, China’s export of textile yarn, fabric and products was US $90.080.4 billion, with a year-on-year increase of 31.3%. Since the middle and last ten days of July, some trading enterprises have reported that the situation of receiving orders has improved, the export orders of downstream factories have increased in batches, the orders of domestic autumn and winter fabrics have also improved significantly compared with the previous month, and the orders from Europe and the United States have also recovered a little. The import volume of cotton yarn also increased month on month. Domestic enterprises’ demand for imported cotton and cotton yarn recovered, the number of imported yarn rebounded, and the market demand gradually recovered.

This small rebound in downstream demand has driven the enthusiasm of the market, and the production enthusiasm of manufacturers has obviously improved, but it will also bring the possibility of overcapacity. Businesses still focus on maintaining stability in the future market forecast, and the increase of current orders is less than that of the same period last year, and most of them are small short-term orders. The sustainability of late orders is still insufficient. When new capacity is gradually released, downstream demand will increase It is expected that polyester yarn will be weak in the future.

According to the price monitoring of the business agency, the domestic raw silk market has shown a surge in the past week. As of August 21, the average price of raw silk market was 289000 yuan / ton, up 3.12% on a weekly basis. As of August 21, the average market price was 88600 yuan / ton, down 0.17% week on week.

The first batch of autumn cocoons in Xincheng silkworm District of Guangxi began to be put on the market this week, and the listing time did not change much from that of last year. The harvest and drying of autumn cocoons in Guangxi will be fully started. On August 20, we learned from some local purchasing units that the current purchase price is about 28 yuan / kg, which is lower than last year (the purchase price of the first batch of autumn cocoons in Xincheng in 2019 is about 40.5-42 yuan / kg). It is understood that the overall quality performance of the listed cocoons is general, but it is still in the initial stage of listing, the quantity of cocoons listed is still relatively small, and the quality performance and purchase price of cocoons are not representative. It is expected that the first batch of autumn cocoons in Xincheng will usher in the peak period of listing on August 22, when the quality performance and purchase price of the first batch of autumn cocoons will be clearer.

With the approaching of the traditional peak season of “gold, silver and ten”, the transaction atmosphere of cocoon and silk spot market has recovered, and the domestic and foreign trade markets have certain performance. According to the news in Shengze, the trading atmosphere in the market is better than that in the early stage, and the downstream procurement presents the pattern of “small batch and multi batch”. In the traditional market of China Light and Textile City, the turnover of thin fabrics continues to decline in summer, but there are many suppliers who continue to increase their proofing in autumn and winter. Foreign trade European and American home textile orders have picked up, gradually opened the situation, sales began to increase locally. However, due to the large social inventory in the market, these orders are not enough to consume the original inventory of the manufacturer, and the market inventory is in a stalemate state. At present, there are about 45-46 days of blank cloth warehouse in Shengze area.

Business agency analysts believe that the current terminal textile orders regardless of domestic and foreign trade market orders have recovered, which makes the light market sentiment improved. In late August, the silkworm production in Guangxi began in the second half of the year. With the coming of autumn cocoons, the cost of raw materials will form a certain support for the price of silk. It is expected that in the short term, the positive news will boost the price of cocoon and silk will show an upward trend.

1、 Price trend

2、 Market analysis

According to the data of the business agency, the market of potassium sulfate in Hebei Province is stable this week, and the price of Mannheim potassium sulfate is about 2550 yuan / ton, and that of 50% granules and 52% water soluble powder is about 2650 yuan / ton, which is the same as last week’s price. Report station of potassium sulfate manufacturer of water salt system: Qinghai 50% powder 2300 yuan / ton. With a capacity of 1.6 million tons / year, the plant enters the summer maintenance period and is expected to resume production in September. At this stage, the inventory is basically sold out and no new orders will be received. The source of goods is mostly concentrated in the hands of traders. At present, the price of Mannheim potassium sulfate in southwest and Northwest China is stable, and manufacturers have more orders. The operating rate of jilumannheim plant is stable at 70% ~ 75%. The price of potassium sulfate is obviously willing to keep up with the price of potassium chloride, which may rise in the future, and the price will continue to be high and strong.

3、 Future forecast

The potassium sulfate analysts of the business society believe that: the current market of potassium sulfate is stable, and the market price has no obvious change. It is expected that the operating rate of compound fertilizer will rise in September, and the price of potash fertilizer may also rise at that time.

According to the price monitoring of the business agency, the domestic market of spandex has risen slightly in the past week. As of August 20, the average price of spandex 40d specification was 31400 yuan / ton, up 1.62% compared with August 13 and 1.57% lower than that on August 13.

Current mainstream price statistics of spandex market (unit: yuan / ton)

20D 30D 40D

Zhejiang 34500-35500 33500-34500-27500-28500

Shandong 35000-36000 34000-35000 28000-29000

Fujian 35000-36000 34000-35000 28000-31500

Jiangsu 34500-35500 33500-34500-27500-31500

The supporting role of the cost side gradually increased, and the spandex manufacturers actively pushed up the price. Most of the spandex manufacturers issued price increase notices. Affected by the cost pressure, all specifications generally increased by 500-1000 yuan / ton. The emergence of this news has brought a certain degree of activity to the market. The downstream dealers and agents have a slight stock mood, and the initial inventory is gradually consumed. The overall market is showing signs of improvement. At present, the reference for 20d spandex mainstream negotiation in Zhejiang Province is 34500-35500 yuan / ton; for 30d spandex, it is 33500-34500 yuan / ton; for 40d spandex, it is 27500-28500 yuan / ton, and the actual transaction is detailed.

Market price change of pure MDI in August (unit: yuan / ton)

Region: August 3 to August 10 to August 20

South China 13300-13500 13800-14000 14500-14800

North China 13300-13500 13800-14500 14500-14800

East China 13300-13500 13800-14000 14500-14800

Raw material market, pure MDI market continued to pull up, news stimulation, low prices of the goods holders, prices pushed up. However, due to the limited position replenishment in the downstream area, the rigid demand support is general, the supply of goods is slow, and the trading volume is weak. The current market quotation is 14500-14800 yuan / T.

Summary of production and sales trends of domestic PTMEG manufacturers

Enterprise name address capacity (10000 tons / year) remarks

Shanxi 3D and Shanxi Hongdong 5 are in parking, and there is no plan to restart temporarily

Yizheng Dalian Jiangsu Yizheng 4 plant shutdown

Sinopec Great Wall energy chemical Ningxia Yinchuan 9.2 unit load is not high

Henan Nenghua Henan Hebi 6 parking

The load of Xinjiang Meike Xinjiang Korla 5 unit is not high

Tunhe River, Lanshan, Xinjiang, Changji, Xinjiang, April 6, July 25, maintenance, parking

The PTMEG market has a strong intention to explore the rise. It is learned that the settlement price of a large PTMEG manufacturer will increase by 1000 yuan / ton in the last ten days. At present, the mainstream quotation of 1800 molecular weight goods sources in the market is 14000-15000 yuan / ton, and the actual negotiation price is 13700-14000 yuan / ton. About 50% of the industry has been started, and the start-up is cautious. Among them, there are no plans to restart the plant in Shanxi sanwei (50000 tons), Yizheng Dalian (40000 tons) and Henan Nenghua (60000 tons). Sinopec Great Wall energy and chemical 92000 tons and Xinjiang Meike 50000 tons units load is not high, Xinjiang Lanshan Tunhe 46000 tons unit was overhauled on July 25, and is currently in shutdown.

The downstream terminal market orders are not high, all parties carefully watch the market. The market demand in Yiwu area of Zhejiang Province is generally followed up, and the starting level of wrapping yarn market is maintained at 60%. The market start-up level in Xiaoshao area remained at a low level, the round knitting machine market started at 40-50%, and the wrapped yarn market started at 50%. Changshu, Jiangsu Province, normally started work with orders, while the round knitting machine and warp knitting market started at 50-60%. Recently, the traditional market of China Light and textile city is in the weak market stage, clothing fabric sales continue to shrink, the price of mass fabric fell month on month, and the price of volume products decreased month on month. In summer, the turnover of thin fabrics continues to decline, and there are many suppliers in the domestic market. The proofing of fabrics in autumn and winter continues to increase slightly, and the number of orders increases partially. Foreign trade market, especially the arrival of autumn and winter fabric orders, gradually opened up the situation, sales began to increase locally.

Business agency analysts believe that the cost side, raw material market PTMEG has plans to rise, pure MDI market prices continue to rise, good support increased, boosting the overall market confidence. In addition, about 80% of the spandex industry starts operation, although it remains at a high level, the demand side also shows signs of improvement. Manufacturers say that the shipment is smooth, the overall inventory level is declining, and even some manufacturers say that some specifications and models are in short supply. I believe that with the approaching of “gold nine silver ten”, the overall market of spandex will remain volatile upward trend.